Say you put $4500 into an account that compounded interest quarterly at a rate of 7% for 4 years: a. Write a formula that gives the amount of money in the account at the end of 4 years. O A. A = 4500 1+ 4.4 4 OB. 12.4 0.07 A = 4500 1 + 12 Oc. 4.4 0.07 A = 4500 1+ 4 OD. 12•4 7 A= 4500 1+ 12 b. Calculate the amount of money in the acc at the end 4 years by evaluating your formula from part a above. O A. $1708.78 O B. $5949.24 C. $4814.33 D. $5939.68

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Say you put $4500 into an account that compounded interest quarterly at
rate of 7% for 4 years:
a. Write a formula that gives the amount of money in the account at the end of 4 years.
O A.
4•4
7
A= 4500 1 +
4
В.
12•4
0.07
A = 4500 1+
12
4• 4
0.07
A= 4500 1+
4
O D.
A = 4500 1 +
12 •4
7
12
b. Calculate the amount of money in the account at the end of 4 years by evaluating your formula from part a above.
A. $1708.78
B. $5949.24
C. $4814.33
D. $5939.68
Transcribed Image Text:Say you put $4500 into an account that compounded interest quarterly at rate of 7% for 4 years: a. Write a formula that gives the amount of money in the account at the end of 4 years. O A. 4•4 7 A= 4500 1 + 4 В. 12•4 0.07 A = 4500 1+ 12 4• 4 0.07 A= 4500 1+ 4 O D. A = 4500 1 + 12 •4 7 12 b. Calculate the amount of money in the account at the end of 4 years by evaluating your formula from part a above. A. $1708.78 B. $5949.24 C. $4814.33 D. $5939.68
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